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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Trader X who wrote (16021)	4/10/1998 1:28:00 PM
From: Bonnie Bear	Read Replies (1) \| Respond to of 94695

Trader X: re bonds: I agree. I don't understand why Greenspan and company claim there's no inflation, I'm forcing myself long (in microcaps and brokerages) because the inflation here in silly valley is terrifying to behold. The cost of everything has gone up so fast I'm afraid to keep cash. Higher wages to attract workers gets passed along to the consumer. The justification that inflation has gone down because electronics and computer costs have gone down doesn't help the average person who buys a computer every five years like a car. I can find no place in the U.S. where housing and utilities costs match the fed models- a young person on average salary cannot afford housing and utilities without going into debt. Either bonds....but a banking crisis arising from bankruptcies could do it, too. So far the banks have deferred it by merging and hiding the losses in the merger costs. I think we have a long ways to go before the bank merger mania is done, the microcap banks have barely started.

To: Trader X who wrote (16021)	4/14/1998 3:28:00 PM
From: Trader X	Respond to of 94695

You guys short the market so we can move up another 10% real quick! I wish everyone the all the best in their trades, but I simply do not agree with the calls for a "Big Kahuna" anytime within the next week or two. Someone said that the techs are not contributing? The Naz is up over 15 points as of 3:30, many of the bellweather MIDCAP techs I follow are up around 5% as well. These are not the big four or five techs that jerk the Naz numbers around like a rag doll, but smaller caps that have a smaller impact on the index. I trust these stocks to show the true direction of the tech market, as they show where the broad market is heading. I don't see a divergence, rather I see strengthening among the foot soldiers of the market. We may even be heading into a blow-off top soon, so the real strength of this bull is not yet known. Shorters beware. X